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SNOW

A significant amount of unusual options activity has been detected for Snowflake (NYSE:SNOW), with a majority of investors taking a bullish stance. The trades include 3 puts amounting to $95,445 and 7 calls amounting to $2,852,570. Whales have been targeting a price range from $160.0 to $250.0 for Snowflake over the last 3 months. The current price of SNOW is up 0.41% at $157.73. Analysts have mixed opinions, with price targets ranging from $144 to $220.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 4:30 pm

ZLAB

Zai Lab's shares are trading higher following the company's receipt of Breakthrough Therapy Designation for investigational repotrectinib in China last week.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 4:30 pm

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years, producing an average annual return of 9.62%. If an investor had bought $100 of OKE stock 20 years ago, it would be worth $629.73 today. ONEOK currently has a market capitalization of $29.62 billion.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 4:30 pm

AYRWF

CRLBF

CURLF

FFNTF

GLASF

GTBIF

MSOS

MSOX

TCNNF

TSNDF

VRNOF

The HHS has recommended rescheduling cannabis, which could lead to a 2-3X turn for U.S cannabis plant-touching securities. This news has already led to a 33.18% increase in AUM for the U.S cannabis ETF MSOS (NYSE:MSOS) and a 132.88% increase for MSOX (NYSE:MSOX). Other potential catalysts include SAFE Banking moving through the Senate and House of Representatives, uplisting to NYSE/NASDAQ, and CPG M&A. Companies like AYR Wellness (AYRWF) and 4Front Ventures (FFNTF) could benefit, as well as Tier1 companies like Verano (OTC: VRNOF), Green Thumb (OTC:GTBIF), Cresco (OTC:CRLBF), Curaleaf (OTC:CURLF) and Trulieve (OTC:TCNNF).

Portfolio Pulse from Todd Harrison

September 05, 2023 | 4:30 pm

MPWR

Monolithic Power Systems (NASDAQ:MPWR) has outperformed the market over the past 10 years by 22.51% on an annualized basis, producing an average annual return of 32.82%. The company currently has a market capitalization of $25.35 billion. An investment of $100 in MPWR stock 10 years ago would be worth $1,735.88 today.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 4:30 pm

NXGN

NextGen Healthcare's shares are trading higher following a report suggesting that Thoma Bravo is in advanced talks to purchase the company.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 4:29 pm

TSLA

Elon Musk, CEO of Tesla (NASDAQ:TSLA), praised the Nevada Burning Man event despite chaos caused by extreme weather and a mass exodus of attendees. Musk's comments were made on his platform X and were met with criticism for his lack of empathy for those affected by the event's conditions. The event also saw the death of an attendee, Leon Reece, though it is believed to be unrelated to the weather conditions.

Portfolio Pulse from Lara Goldstein

September 05, 2023 | 4:26 pm

BRC

Brady Corporation's shares are trading higher following the company's better-than-expected Q4 results.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 4:26 pm

AIT

Applied Industrial Technologies Inc (NYSE:AIT) has acquired Bearing Distributors, Inc. and Cangro Industries, Inc. Both companies provide bearings, power transmission, industrial motion, and related service and repair capabilities. They are expected to report annual sales of approximately $50 million in the first year. AIT shares are trading lower by 1.25% at $155.12.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 4:23 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher after the company issued an update on its stock buyback program, with an additional repurchase of 2,000,000 shares. The company has repurchased a total of $5,610,600 in shares since announcing the buyback program on Aug. 17. The stock has attracted the attention of short-sellers with 10.06% of available shares currently being sold short.

Portfolio Pulse from Erica Kollmann

September 05, 2023 | 4:20 pm